Economy of Denmark
Updated: 3/6/2021
Economy of Denmark

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  • Greetings from Denmark! Here in Denmark, our citizens are healthy and hard-working individuals. The average life expectancy is 79 years for males and 83 years for females. We have a labor force of 2.736 million people, with only 3.05% of the population unemployed. The GDP of Denmark is 336.335 billion US dollars.
  • Common exports from Denmark include: Wind turbines, pharmaceuticals, machinery and instruments, meat and meat products, dairy products, fish, furniture and design. These products sell at 226.589 billion US dollars.
  • The Government of Denmark is a Parliamentary Constitutional Monarchy. This means that the Royalty is involved in representative and civic roles, while a coalition of parties hold executive power. In the economy, there is government interference with taxes. The average Dane pays tax at a rate of around 45% of their income.
  • Common imports to Denmark include: Machinery and equipment, raw materials and semi manufactures for industry, chemicals, grain and foodstuffs, and consumer goods. These products cost 197.818 billion US dollars. This results in Denmark having a trade surplus of 28.771 billion US dollars.
  • Services in Denmark make up 79.3% of labor force occupations, while agriculture makes up 2.4% and industry makes up 18.3%. The government actively spends 4.56 billion US dollars on the danish military.
  • In addition to being hard-working and healthy, the people of Denmark are highly educated. Literacy rates in Denmark are 99% for males and 99% for females. This is because education is provided without charge as well as healthcare